Thai busi­nesses conned by lure of Mon megapro­jects

The Myanmar Times - - International Business -

ABOUT 10 busi­ness op­er­a­tors tes­ti­fied to the Depart­ment of Spe­cial In­ves­ti­ga­tion in Bangkok on Monday that they were conned into in­vest­ing about 300 mil­lion baht in sev­eral bo­gus projects in the Mon State of Myan­mar.

Among the com­plainants was con­trac­tor Chanont, who with­held his fam­ily name. He said he and many oth­ers were per­suaded to in­vest with Hu­j­jee Group Co. His com­pany was hired for 20 mil­lion baht to com­plete de­signs for 78 projects, but was never paid.

Mr Chanont said he in­vested in Hu­j­jee Group be­cause he was told an in­vest­ment of 100,000-200,000 baht would yield a re­turn of 200300 mil­lion baht.

Re­ceiv­ing their com­plaint, DSI deputy di­rec­tor-general Suriya Sing­hakamol said the case dated back two years. A Thai woman who said she had a doc­toral de­gree claimed to have re­ceived con­ces­sions for 78 in­fras­truc­ture projects in Mon State.

He re­ferred to Su­pattha Chan­tararangsri, who claimed to chair Hu­j­jee Group in Sri Racha district of Chon Buri, and Kyaw Myint Oo, who claimed to be a mem­ber of the Mon royal fam­ily who granted the con­ces­sions.

Ac­cord­ing to Pol Maj Suriya, Hu­j­jee Group mis­led Thai busi­ness op­er­a­tors into be­liev­ing Kyaw Myint Oo had awarded it 78 projects, in­clud­ing a gov­ern­ment com­plex and an air­port. Con­se­quently about 100 Thai con­trac­tors in­vested with it. The vic­tims were also per­suaded to make do­na­tions to a bo­gus char­ity foun­da­tion in ex­change for po­lice­like uni­forms sup­pos­edly dis­play­ing in­signia of high rank.

Pol Maj Suriya said some lo­cal re­porters had been hired to re­port the ac­tiv­i­ties of Hu­j­jee Group, and pro­vin­cial of­fi­cials had been in­vited to par­tic­i­pate, to boost its cred­i­bil­ity.

“All the sto­ries were fake in­clud­ing the claimed regis­tered cap­i­tal of the com­pany of 500 bil­lion baht,” the DSI deputy di­rec­tor-general said.

Mrs Su­pattha and an­other Thai sus­pect, Kosin Jina-on, were ar­rested on Satur­day and the DSI was seek­ing the ar­rest of the Myan­mar man, who had al­ready fled to his home­land, Pol Maj Suriya said.

Photo: EPA

A Thai woman walks on an over­pass in front of the con­struc­tion site of a new high rise build­ing in the city cen­ter of Bangkok, Thai­land. Thai busi­nesses claim they were conned into in­vest­ing about 300 mil­lion baht in sev­eral bo­gus projects in Mon State, Myan­mar.

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.